Rising Worldwide Adoption of Internet-Enabled Devices Will Drive the 5G Technology Market
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5G Technology MarketShare, Size, Analysis, Growth, Trends and
Forecasts to 2024 | Hexa Research
“5G Technology Market to show substantial
Growth from 2016 to 2024”
The Global 5G Technology Market is expected to witness significant growth over from 2016 to 2024 (forecast
period). Rising worldwide adoption of internet-enabled devices will drive the industry. Mobile service
providers believe that 5G services will be rolled out by 2020 to meet customer and business demands.
Surging demand for extensive network coverage and high speed internet from various industry applications
will propel market growth. These include autonomous driving, distant learning, video conferencing & multi-
user gaming, telemedicine, and opera live streaming. 5G technology will improve mobile network
performance capabilities to a marked extent. It can also play a key role in establishing foundational
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Furthermore, increasing mobile broadband adoption and machine-to-machine communication in companies
will fuel industry growth. High rates of data transfer along with low power consumption will also exhibit a
Popularity of high-speed internet for enhanced real-time response will propel the global 5G technology
industry in the years to come. However, the dependence of this technology on other technologies, such as
millimeter wave propagation and IPv6 transmission protocol could restrict market performance.
The global industry is categorized on the basis of technologies, applications, and regions. The technology
segment comprises Radio Access Technologies (RAT), Wi-Fi, High-Speed Package Access (HSPA), Global
System for Mobile (GSM), and Worldwide Interoperability for Microwave Access (WiMAX). Applications
include healthcare, government & utilities, retail, individual users, offices, and defense& military. Owing to
high investments in research & development, the application segment is led by government & utilities.
Geographically, the global 5G technology market is divided into Europe, North America, Asia Pacific, and Rest
of the World. The U.S. market is estimated to grow robustly during the forecast period. This is because of
increasing subscriptions in the region. The Asia-Pacific market too will register significant growth. Various
countries such as China, Korea, and India will invest huge sums to support ongoing developments and
initiatives in 5G technology. The government of United Kingdom is expected to launch its 5G strategy by
2017. In its recent budget, the government focused on the significance of mobile spectrum and prepared the
nation to receive the new technology.
The growing need for faster internet in China will stimulate the 5G market in this region. Even the Indian
government has spent USD 5.5 million over the last couple of years on 5G technology. This investment was
primarily directed towards advanced research and development. Most companies operating in this market
strive to introduce novel technologies to gain competitive advantage. Also, countries, such as Japan, are
planning to exhibit their innovations during the 2018 winter Olympics and 2020 summer Olympics.
Key players in the 5G technology market are Verizon Communications Inc. (U. S.); Nokia Networks (Finland);
Samsung Group (South Korea); AT&T Inc. (U. S.); The Fraunhofer Society (Fraunhofer-Gesellschaft); NTT
DoCoMo Inc.; Qualcomm Inc. (U. S.); Alcatel-Lucent S. A.; Huawei Technologies Co. Ltd. (China); and
Telefónica S. A. In 2014, Ericsson signed a deal with SK Telecom Co. Ltd. for 5G technology research and
development. With a view towards ensuring a strong standardized network, various public bodies such as the
Institute of Electrical and Electronics Engineers, the ITU, 3GPP, and a few universities have been adding value
to the 5G technology industry.
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Table of Contents
1. Methodology & Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of 5G Technology Market
3. Industry Outlook
3.1 5G Technology Market Segmentation
3.2 5G Technology Market Size and Growth Prospects
3.3 5G Technology Market Dynamics
3.4 Key Opportunities Prioritized
3.5 Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 5G Technology Market share by application, 2016 & 2024
5. Regional Outlook
5.1 North America
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa)
5.6 RoW (Rest of the World)
6. Competitive Landscape
6.1 Verizon Communications Inc.
6.1.1 Company Overview
6.1.2 Revenue Analysis
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Nokia Networks
6.2.1 Company Overview
6.2.2 Revenue Analysis
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Samsung Group
6.3.1 Company Overview
6.3.2 Revenue Analysis
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 AT&T Inc.
6.4.1 Company Overview
6.4.2 Revenue Analysis
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 The Fraunhofer Society
6.5.1 Company Overview
6.5.2 Revenue Analysis
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
6.6 NTT DoCoMo Inc.
6.6.1 Company Overview
6.6.2 Revenue Analysis
6.6.3 Product Benchmarking
6.6.4 Strategic Initiatives
6.7 Qualcomm Inc.
6.7.1 Company Overview
6.7.2 Revenue Analysis
6.7.3 Product Benchmarking
6.7.4 Strategic Initiatives
6.8 Alcatel-Lucent S. A.
6.8.1 Company Overview
6.8.2 Revenue Analysis
6.8.3 Product Benchmarking
6.8.4 Strategic Initiatives
6.9 Huawei Technologies Co. Ltd.
6.9.1 Company Overview
6.9.2 Revenue Analysis
6.9.3 Product Benchmarking
6.9.4 Strategic Initiatives
6.10 Telefónica S. A.
6.10.1 Company Overview
6.10.2 Revenue Analysis
6.10.3 Product Benchmarking
6.10.4 Strategic Initiatives